News

Following a European Commission announcement in March of a proposed new legal framework for start-up companies, Germany has reportedly lifted its opposition to giving more powers to an EU financial regulator – an important step towards creating a capital markets union. According to The Financial Times, the German finance minister Lars Klingbeil signalled his support for the centralised supervision of a unified capital market, which would effectively mean ceding powers from the German regulator to the European Securities and Markets Authority (ESMA), based in Paris.

The Coalition for Epidemic Preparedness Innovations (CEPI) has announced funding for three experimental Bundibugyo ebolavirus vaccine candidates currently in preclinical development. Bundibugyo is the ebolavirus species responsible for the current outbreak in the Democratic Republic of Congo ad Uganda, but no licensed vaccine is currently available for this species, and none is in clinical development.

Eli Lilly and Co has announced plans to invest up to $3.83 billion to buy three companies developing candidate vaccines, effectively charting new territory in the field of infectious disease. Announced on 26 May, the acquisitions include Curevo Inc and Vaccine Company Inc of the US, and LimmaTech Biologics AG of Switzerland.

The World Health Organization has determined that the current outbreak of Ebola disease caused by Bundibugyo virus in the Democratic Republic of the Congo (DRC) and Uganda constitutes a public health emergency of international concern (PHEIC), but does not meet the criteria of a pandemic emergency. The determination was announced in a statement dated 17 May 2026.

Isomorphic Labs Ltd, with headquarters in London and global business offices in Lausanne, Switzerland and Cambridge, US, announced funding of $2.1 billion on 12 May, said to be the second largest equity funding round for a company since the start of the biotechnology industry. The Series B round comes only a year after the company raised $600 million for its activities, the company’s first external financing since its launch in 2021.

Bristol Myers Squibb Co has signalled a commitment to artificial intelligence with a strategic agreement with Anthropic PBC to deploy the AI tool Claude across the company’s research, clinical development, manufacturing, commercial and corporate functions. Announced on 20 May, the agreement will make the technology available to more than 30,000 BMS employees. The financial terms of the agreement were not disclosed.

A UK company with an ambition to develop a new class of therapeutics based on laboratory grown red blood cells has raised £3.2 million in seed funding. The financing was announced on 7 May and awarded to Scarlet Therapeutics Ltd which was founded by the University of Bristol, UK, professors Ash Toye and Jan Frayne. The company’s technology platform is based on engineered red blood cells with a potential for delivering therapeutic proteins in vivo to humans. The proteins remain inside the red blood cell membrane and therefore are not recognised by the immune system.

ERS Genomics Ltd, which manages licensing agreements for the CRISPR/Cas9 gene editing tool, is to supply the technology to Aurigene Pharmaceutical Services Ltd in India, enabling the company to integrate gene editing into its drug discovery activities. Aurigene is a global contract research, development and manufacturing organisation. The deal was announced on 13 May.

It is not realistic to expect increased investment in medicines research in the EU or quicker access to new treatments for its citizens if member states insist on the lowest possible prices and highest government rebates, according to Nathalie Moll, Director General of Efpia, the European Federation of Pharmaceutical Industries and Associations. Ms Moll’s comments follow the publication of Efpia’s annual WAIT (Waiting to Access Innovative Therapies) report, which showed a picture of widening inequality among member states.

A provisional agreement by political authorities in the EU to support proposed legislation to improve the production and supply of critical medicines in the event of a disruption has been welcomed by the European Medicines Agency. Called the Critical Medicines Act, the legislation would spell out procedures for doing regular assessments of supply chains for the availability of essential medicines, identify vulnerabilities, and take steps to correct them. The EU has compiled a list of over 400 medicines which qualify as core products.